Schneider Electric to buy PTC for $22.6B in industrial AI push
Schneider Electric is acquiring US industrial software developer PTC for roughly $22.6 billion. The deal is seen as a bid to expand its CAD and PLM portfolio and target industrial AI across the product lifecycle.
- Deal valued at about $22.6 billion
- PTC develops CAD and PLM software
- Focus on industrial AI across the lifecycle
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